Markets

Qualcomm Inc is struggling to keep up with demand for its processor chips used in smartphones and gadgets, as a chip shortage that first hit the auto industry spreads across the electronics business, industry sources told Reuters.

Lobbyists for Facebook and Google threw their weight against new U.S. legislation that seeks to aid struggling news publishers by allowing them to negotiate collectively against the tech companies over revenue sharing and other deals.

China is scooping up supplies of U.S. white wheat to feed livestock, pushing export forecasts for the grain usually used to make sponge cakes and noodles to a 27-year-high.

Investors piled into equities, while pulling money out of gold and bonds in the week up to March 10, data from BofA Global Research showed.

Post-Brexit Britain has overtaken India to become the fourth most favoured investment destination according to a survey of chief executives of more than 5,000 companies, PricewaterhouseCoopers Chairman Bob Moritz said on Friday.

German luxury automaker Daimler will recall 2.6 million Mercedes-Benz vehicles in China due to a software design issue, the country's market regulator said on Friday.

Britain's economy shrank by a less severe than expected 2.9per cent in January from December as the country went back into a coronavirus lockdown, official data showed on Friday.

BEIJING: China denied on Friday (Mar 12) it was planning to hit e-commerce giant Alibaba with a fine of almost US$1 billion for allegedly flouting monopoly rules, as authorities put the screws on the firm as part of a crackdown on the technology sector. Officials are considering a hefty penalty...

Deutsche Bank paid Chief Executive Christian Sewing 7.4 million euros (US$8.8 million) in 2020, a 46per cent increase from a year earlier, as the bank eked out a profit after years of losses.

Zurich private bank Rahn+Bodmer will pay US$22 million to settle U.S. criminal charges it helped American taxpayers who were exiting accounts at UBS and other Swiss banks and hiding hundreds of millions of dollars in offshore accounts.